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Legal & General Group (LON:LGEN) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Legal & General Group logo with Financial Services background
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Shares of Legal & General Group Plc (LON:LGEN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 225.93 ($2.79) and traded as high as GBX 234.90 ($2.90). Legal & General Group shares last traded at GBX 233.90 ($2.88), with a volume of 13,747,356 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on LGEN. Berenberg Bank restated a "buy" rating and issued a GBX 265 ($3.27) price target on shares of Legal & General Group in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reiterated a "top pick" rating on shares of Legal & General Group in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price objective on Legal & General Group from GBX 290 ($3.58) to GBX 295 ($3.64) and gave the stock an "overweight" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 276.67 ($3.41).

View Our Latest Stock Report on Legal & General Group

Legal & General Group Stock Down 0.7 %

The stock has a market cap of £13.56 billion, a price-to-earnings ratio of 4,644.00, a PEG ratio of 2.34 and a beta of 1.31. The business's 50 day moving average is GBX 225.64 and its 200-day moving average is GBX 225.90. The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12.

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Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock acquired 1,118 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average cost of GBX 221 ($2.73) per share, for a total transaction of £2,470.78 ($3,046.58). Also, insider John Kingman bought 716 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were acquired at an average cost of GBX 230 ($2.84) per share, with a total value of £1,646.80 ($2,030.58). Insiders acquired 2,590 shares of company stock valued at $576,566 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

Legal & General Group Company Profile

(Get Free Report)

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.

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